Transfers of real property to certain qualifying entities will no longer be subject to real estate excise tax in Washington State, effective on January 1, 2023. The Washington State Legislature passed Engrossed House Bill...more
6/17/2022
/ Affordable Housing ,
Covered Entities ,
Excise Tax ,
Income Taxes ,
IRS ,
Low Income Housing ,
New Legislation ,
State and Local Government ,
State Taxes ,
Tax Exemptions ,
Washington
The Washington Legislature passed Senate Bill 5096 on April 25, 2021, the last day of the 2021 Washington legislative session. SB 5096 is a state capital gains tax on individual residents of the State of Washington. The state...more
5/3/2021
/ Capital Gains ,
Governor Inslee ,
Income Taxes ,
IRS ,
New Legislation ,
Referendums ,
State Legislatures ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Trusts ,
WA Supreme Court
On December 12, 2013, the Oregon Supreme Court issued its decision in Tektronix, Inc. v. Oregon Dep’t. of Revenue. The court held that the taxpayer’s receipts from the sale of goodwill, making up a part of the sale of a...more